Life Insurance

Life insurance is the best way to create wealth & secure the family’s future in the event of the unfortunate death of the policyholder. Life insurance can be availed either through “Term plans” that offer life cover for the family’s protection or through “Investment Plans” that help in wealth creation with financial security to meet individuals’ financial goals.

Life Cover For Family’s Protection

Build financial backup & secure the family’s future by choosing a “Term insurance plan”. Suitable for someone who wishes to ensure that adequate financial backup is available to the family in case of his/her untimely death.

  • Life Cover
  • Critical illness cover
  • Tax Benefit
  • Return of Premium

Life Cover With Wealth Creation

Be financially secure by choosing an “Investment plan” to meet financial goals like a child’s education or stable income source for post-retirement. Suitable for someone who is looking for long-term wealth creation through Market linked or Guaranteed returns in addition to family protection through in-built life cover.

  • Long Term Wealth Growth
  • Life Cover
  • Tax Benefit
  • Return of Premium

Type of Life Insurance Policies in India

Term Insurance

Regular Term Insurance

The purest and most affordable type of life insurance plan that offers financial coverage to the policyholder against the fixed amount of premiums for a specific duration. In case of policyholder’s untimely death, their nominee receives the Cover Amount, as per the chosen policy.

Term Return of Premium (TROP)

TROP(Term Return of Premium) is a variant of term insurance that provides an additional feature of Survival benefit. In addition to the life cover, if the policyholder survives the entire Policy Term, then all the premiums are paid back, excluding GST.

Whole Life Insurance

Under Whole Life Insurance, the policyholder is covered till the age of 100 years. If you want to leave a legacy for your family, and ensure that they are always financially covered, then Whole life Term Insurance is the best option for you.

Investment Plans

Market Linked Systematic Investment Plan (ULIP)

Unit-linked investment plans (ULIPs) are unique market-linked life insurance plans that provide dual benefits of wealth creation through investments (in equity, debt, or both) and a life insurance cover. High-performing ULIPs have shown 15-20% returns (tax-free), making them a popular choice for medium to long-term investors.

Guaranteed Return Plan (Endowment Policy)

A guaranteed high return with a life cover is what an endowment plan offers. These are the preferred investment option for someone looking for a fixed lump sum as maturity after a specific duration. A life cover benefit on death events and better returns than other fixed investment plans make these plans a must-have inclusion in the investment portfolio.

Retirement Plans

These are long-term investment plans which offer opportunities to get a stable post-retirement income. During the investment period, a premium amount is paid at regular intervals which accumulates & grows. The maturity amount is then paid back post-retirement based on the preference in terms of a lump sum or regular income.

Child Plan

These plans are designed to enable financial security for children where the returns on the investment helps fulfil a child’s future needs like education. Child plans specifically ensures these remain intact even in your absence by providing life cover to the nominee & funding the balance premiums through the insurer thus ensuring the a secured future of the child

Key Features & Benefits of Life Insurance

    • Financial Security

    The primary benefit of a life insurance policy is that it provides long time financial stability to the policyholder’s family in case of any unfortunate event.


    • Death Benefit

    In case of any unfortunate event with the policyholder, the insurer provides financial protection in form of a death payout. The appointed nominee receives the entire sum assured plus the bonus accumulated over a time


    • Maturity Benefits

    When the policy matures, some life insurance plans offer the policyholder the full premium amount paid during the policy term.


    • Guaranteed Returns

    Life insurance plans guarantee that you receive a fixed amount after a specific term. The return you get can help in paying the loan, child’s higher education, and other expenses.


    • Wealth Creation

    Life insurance Savings plans such as ULIPs offer wealth creation benefits also. In such plans, you can invest your premium amount in different funds based on the risk appetite. These life insurance policies are good wealth-makers in the long run


    • Tax Benefits

    Policyholders can avail of tax savings benefit up to Rs. 1.5 Lakhs u/s 80C of the Income Tax Act, 1961, for life insurance premium amount paid. Also, the payout received from an insurer is exempt from tax u/s 10(10D) of ITA and the premium amount paid for riders such as critical illness can be claimed u/s 80D.


    • Riders

    Riders such as critical illness, waiver of premium, etc. are add-ons to your current base plan, which help customize the policy according to your specific needs.


    • Flexible premium payment option

    Policyholders can choose the frequency of premium payments as per their requirements. For example, you can choose to pay premiums as a lump sum amount for your life insurance policy, or could pay them at periodic time periods like monthly, quarterly, half-yearly, or yearly.


    • Retirement Planning

    Annuity-based life insurance plans give a monthly pension to the policyholder on maturity and help plan a secured retirement.


    • Loan Facility

    Certain life insurance plans provide the option of a loan and allow to borrow some percentage of plan value or the sum assured depending on the policy T&Cs.